Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
Shares of chicken restaurant chain El Pollo Loco traded down 21 percent on Friday as the company reported disappointing same-store sales and provided a weak outlook.
El Pollo Loco is one of many recent initial public offering high fliers down significantly this year, with returns ranging from negative 20 to 50 percent.
Also, the Renaissance Capital IPO index, which tracks the performance of companies that went public in the last two years and counts stocks such as Twitter, Alibaba and Hilton among its top holdings, is about to turn negative year to date.
One savior for these struggling new companies could be a takeover after zulily, an online retailer which went public in late 2013, was acquired by John Malone's Liberty Interactive on Monday for $2.4 billion.
But zulily, whose shares lost nearly half their value this year before the takeover, may be the exception to the rule as most investors believe the trend will be lower for these broken IPOs.